US offers lower steel, aluminum tariffs for Canada, Mexico producers

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The Commerce Department will consider adjusting the current 50% tariff to 25% for companies committing to making the metals in the U.S.

Published May 11, 2026

U.S. Secretary of Commerce Howard Lutnick arrives to testify during a Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies hearing on Feb. 10, 2026, in Washington, D.C. The Commerce Department has outlined a process for Canada and Mexico companies to receive lower tariffs in exchange for producing more steel and aluminum in the U.S.

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